Is it wise to choose cryptocurrency trading as career?

Cryptocurrency is the future money of the future world, and I think at the present time, there should be no doubt about it, if anyone has little knowledge about it. In the last few years the cryptocurrencies have been getting the attention of people, and because of their popularity or usefulness, most governments are legalizing cryptocurrencies even if they don't want to do so, as cryptocurrency gives people full access to their assets.

The cryptocurrency market is known as a volatile market, and because of that, it offers the opportunity to earn money by trading, but at the same time, it also includes risk. I heard that in crypto trading, smart people can make money, and others lose money. It says that more than 90% of people lost their assets while trading in cryptocurrency. I don't know if the statistic is right or wrong, but I believe that it's reasonable because most people don't have good knowledge of cryptocurrency, and so losing money is very natural without any proper knowledge about it. But in recent times, people are trying to learn more about cryptocurrency.

Financial freedom is something most people want to achieve at the present time, and crypto is offering such an opportunity with risk. I believe that it is possible to gain financial freedom with the help of cryptocurrency trading. Now, many young people say that they are curious to take cryptocurrency trading as a career. Again, there are some people who are thinking of leaving their jobs for cryptocurrency trading. But is it ok to leave the job or only think about cryptocurrency trading as a career? Will it be a wise decision? Before sharing the statement, I think there are a few things that need to be considered.

Day trading cannot be allowed if you want to gain maximum profit. Some people even think of it as gambling, too. I don't agree with that thought, but I can also understand the thoughts behind that. So it's not unreasonable either. One needs to think about cryptocurrency trading in the long term. So the first thing required is the skill and knowledge. I have seen many people come to currency trading without having knowledge of fundamental and technical analysis. I found such a thing extremely risky, and a maximum of them came to the world of cryptocurrency, getting influenced by social influencers. They think they can make money easily and become overconfident.

Secondly, I think that the trading results matter a lot. Having knowledge is important, but applying the knowledge and achieving success is a different matter. Experience also has a role in that case. In both kinds of markets, if the travelling decisions of 70% or more than 70% are right, I consider the person as a qualified trader and also qualified to take trading as a career.

Then the other thing that is a requirement, in my opinion, is having funds in backup. Cryptocurrency trading is indeed risky, and because of various kinds of uncertainty, for a period of time, not making a profit is very natural. In such a case, one trader needs to wait patiently. So I believe that even without a firm for investment or trading, one must have the funds through which they can run their family, at least for 8 months. It's not necessarily 8 months, but for safety purposes, I want to consider it 8 months.

After having all the qualities, I believe that one person is qualified to choose trading as a career, and it's okay if one person chooses to do so. However, I don't think it's a wise idea because I believe that one person can pursue a job as their main career and choose trading as a secondary career, and both can be continued simultaneously. If one person is truly skilled in trading, they can manage it effectively. So I believe that keeping a job for a stable earning source and doing trading at the same time is the best idea.